Gary Fisher Closes On NJ iHeartMedia Deal


On August 7, iHeartMedia announced that it had agreed to purchase four FM radio stations serving Atlantic City, N.J., and surrounding communities along the Jersey Shore, from Gary Fisher-led Equity Communications.

That transaction, which sees Kalil & Co. serve as the exclusive broker, has now closed.

According to an asset purchase agreement submitted to the FCC for regulatory approval, iHeartMedia paid $2 million for the following stations in the Atlantic City radio market, an extension of the Philadelphia DMA:

  • Class B WAYV-FM 95.1 in Atlantic City, N.J., a Hot Adult Contemporary station
  • Class B WZXL-FM 100.7 in Wildwood, a Classic Rocker
  • Class A WZBZ-FM 99.3 “The Buzz,” in Pleasantville, a Top 40
  • Class A WTTH-FM 96.1 in Margate City, an Adult R&B

Equity acquired WAYV in June 1996 for $3.1 million in cash from Frank Osborn, pairing the station with WZXL, acquired from Ragan Henry.

WZBZ (formerly WMID-FM, and WSAX-FM from 1998-2000) and WTTH were added in February 2002 as part of a larger transaction.